InstaQB

Home
Institutions
- Institutions
  
  Polytechnic Colleges
  
  Medical Colleges
  
  Arts & Science Colleges
  
  Universities
  
  Engineering Colleges
  
  Agricultural Colleges
  
  Research Institute
  
  Law Colleges
  
  Audiology and Speech Colleges
  
  Business & Management colleges
  
  Nursing colleges
  
  Hotel Management institutes
  
  Aeronautical Colleges
  
  Bachelor's Degree
Syllabus
Courses
Stateboard
- 12th Standard English Medium
  
  Maths
  
  Physics
  
  Chemistry
  
  Biology
  
  Computer Science
  
  Business Maths
  
  Economics
  
  Commerce
  
  Accountancy
  
  History
  
  Computer Applications
  
  Computer Technology
  12th Standard Tamil Medium
  
  உயிரியல்
  
  கணினி பயன்பாடுகள்
  
  கணினி அறிவியல்
  
  வணிகக் கணிதம்
  
  வணிகவியல்
  
  பொருளியல்
  
  கணிதவியல்
  
  வேதியியல்
  
  இயற்பியல்
  
  கணினி தொழில்நுட்பம்
  
  வரலாறு
  
  கணக்குப்பதிவியல்
  11th Standard English Medium
  
  Maths
  
  Commerce
  
  Economics
  
  Biology
  
  Business Maths
  
  Accountancy
  
  Computer Science
  
  Physics
  
  Chemistry
  
  Computer Applications
  
  History
  
  Computer Technology
  
  Bio - Zoology
  11th Standard Tamil Medium
  
  கணிதவியல்
  
  உயிரியல்
  
  பொருளியல்
  
  இயற்பியல்
  
  வேதியியல்
  
  வணிகக் கணிதம்
  
  கணினி அறிவியல்
  
  கணக்குப்பதிவியல்
  
  வணிகவியல்
  
  கணினி பயன்பாடுகள்
  10th Standard English Medium
  
  Mathematics
  
  Science
  
  Social Science
  
  9th Standard English Medium
  
  Mathematics
  
  Science
  
  Social Science
  
  8th Standard English Medium
  
  Mathematics
  
  Science
  
  Social Science
  7th Standard English Medium
  
  Mathematics
  
  Science
  
  Social Science
ICSE/ISC
- Class XII
  
  Mathematics
  
  Physics
  
  Accountancy
  
  Biology
  
  History
  
  Geography
  
  Psychology
  
  chemistry
  
  Economics
  
  Computer Science
  
  Political Science
  
  Business Studies
  Class XI
  
  Accountancy
  
  Chemistry
  
  Mathematics
  
  Biology
  
  Geography
  
  Physics
  
  History
CBSE
- 12Th Standard
  
  Physics
  
  Chemistry
  
  Maths
  
  Biology
  
  History
  
  Economics
  
  Commerce
  
  Geography
  
  Socialogy
  
  Business Studies
  
  Computer Science
  
  Biotechnology Class
  
  Political Science
  
  Home Science
  11Th Standard
  
  Physics
  
  Chemistry
  
  Maths
  
  Biology
  
  History
  
  Economics
  
  Commerce
  
  Socialogy
  
  Business Studies
  
  Geography
  
  Home Science
  
  Computer Science
  
  Biotechnology Class
  
  Political Science
  10Th Standard
  
  Physics
  
  Chemistry
  
  Biology
  
  Mathematics
  
  Economics
  
  Geography
  
  History & Civics
  
  Computer Application
  9Th Standard
  
  Physics
  
  Chemistry
  
  Biology
  
  mathematics
  
  Computer Application
  
  Economics
  
  Geography
  
  History & Civics

11th Accountancy Weekly Test - 1 ( Ledger )

MABS Institution

11th Accountancy Weekly Test - 1 ( Ledger )-Aug 2020

Time : 1.30 Hours

Part - A

Multiple Choice Question - Answer All Question

Cash received from Madhan is to be posted to his account on ________________

credit Side
debit side
both side
no side

When a journal entry has more than one debit or more than one credit or both, it is called a _________________

Opening Entry
Journal Entry
Contra Entry
Compound Entry

Net position of an account can be ascertained from ________.

Journal
Ledger
Trial balance
Balance sheet

Accounts having credit balance is closed by writing ________________

To balance bid
By balance c/d
To balance c/d
By balance bid

Transferring the journal entries to the.ledger is called ____________

journalising
balancing
posting

The financial statements can be prepared from the ____________ balances.

ledger
journal
trial
none of these

The owner of the business takes Rs.100 cash and goods costing Rs.200 for his family. The proper journal entry for this transaction is called______.

drawing > debit; Cash > Credit; Purchases > Credit
Drawing > debit; Cash> Credit; merchandise > credit
Drawing > debit; Cash > credit; Sales> credit
cash > debit; Purchases > debit; drawings > credit

The book that contains all accounts as entered in the journal namely Personal, Real or Nominal is called

Journal Paper
Ledger
Cash Book
None

The process of transferring the debit and credit items from the journal to the ledger accounts is called _______________

Journalising
Marshalling
Posting
None of these

In a ledger account, when the debit total and credit total are equal it is called ________________

debit balance
credit balance
both 'a' and 'b'
nil balance

Part - B

Generic 2 - Answer All Question

What is compound journal entry?

What is credit balance?

Prepare Furniture A/c from the following transactions

2016 Jan. Rs.

1 Furniture in hand 2,000

1 Purchased furniture for cash 4,000

30 Sold Furniture 400
Define Ledger.

Prepare Machinery A/c with the following transactions.

2012 Jan Rs

1 Machinery in hand 4,000

3 Purchased machinery for cash 4,000

30 Purchased machinery on Ram 6,000

Part - C

Generic 3 - Answer All Question

Explain the significance of debit and credit balances of various types of accounts.

Explain the procedure for balancing a ledger account.

Post the following transactions direct into ledger of Thiru. Gowri Shankar.

2016 Oct. Rs

1 Received Cash from Siva 75,000

7 Paid Cash to Sayeed 45,000

10 Bought goods for Cash 27,000

12 Bought goods on Credit from David 48,000

15 Sold goods for Cash 70,000

What are the steps in posting?

Indicate the nature of normal balance in the following accounts.
(a) Cash (b) Creditors (c) Sales (d) Furniture (e) Commission received (f) Debtors (g) purchases (h) Capital (i) Salaries and (j) Computer

Part - D

Generic 5 - Answer All Question

Post the following transations direct into ledger of Mr. Ratnakumar.

2017 July Rs

1 Started business with 60,000

5 Cash paid into Bank 20,000

7 Withdrew cash Rs 5,000 for office use

8 Withdrew by cheque for personal use 500

10 Paid Salaries by cheque 3,000

15 Furniture purchased by cheque 5,000

Show the direct ledger postings for the following transactions:

2017 June

1 Raja commenced business with cash Rs 50,000

6 Sold goods for cash Rs 8,000

8 Sold goods to Devi on credit Rs 9,000

15 Goods purchased for cash Rs 4,000

20 Goods purchased from Shanthi on credit Rs 5,000

Prepare a Sales account from the following transactions.

2018 Jan. Rs

1 Sold goods to Sam 4,000

4 Sold goods to Suresh 2,500

11 Sold goods to Joy 8,000

17 Sold goods to Rajan 3,000

Journalise the following transactions and post them to Ledger.

2016 Jan Rs.

1 Started business with cash 10,000

5 Paid into bank 5,000

7 Purchased goods from Ram for cash 1,000

Record the following transactions in the Journal of Tmt. Bhanumathi.

2014, Feb. 3 Bought goods for cash Rs 84,500

7 Sold goods to Dhanalakshmi on credit Rs 55,000

9 Received commission Rs 3,000

10 Cash Sales Rs 1,09,000

12 Bought goods from Mahalakshmi Rs 60,000

Comment

Add Comment

Tamilnadu Stateboardszs - Class